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Butas Maironio g.

Profitus
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100 %
  • Status funded
  • Goal 120,000 EUR (€)
  • Raised 120,000 EUR (€)
  • Investors 108
  • Interest rate 7%
  • Loan To Value(LTV) 64%
  • Credit Duration 12 month

We present a new financing project “Butas Maironio g.”, the funds of which will be allocated to working capital. The amount to be raised is EUR 120 000.

Project owner:
The project owner has experience in real estate development. Has implemented various residential reconstructions in Kaunas with a total area of 500 square meters.

The aim of the project:
The owner of the project purchased a 5-room, 98.97 square meter fully furnished apartment on the fourth floor at Maironio st. 40-7, Kaunas. The apartment is planned to be divided into two property units, fully equipped and sold. Each apartment is planned to be sold for EUR 110 000 – 130 000.

To ensure the interests of investors, a real estate primary mortgage is pledged:
To protect the interests of investors a 5-room, 98.97 square meter fully furnished apartment on the fourth floor is pledged at Maironio st. 40-7, Kaunas. According to an independent real estate appraiser, the value of the mortgaged property is EUR 188 000.

Interest by investment amount:
– From EUR 100 to EUR 499 – 7%
– From EUR 500 to EUR 9 999 – 7,5%
– From EUR 10 000 – 8%
Important: investments made separately are not aggregated.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

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